IAMGOLD (TSE:IMG) Given New C$35.00 Price Target at National Bank Financial

IAMGOLD (TSE:IMG) (NYSE:IAG) had its price target hoisted by investment analysts at National Bank Financial from C$32.00 to C$35.00 in a research note issued to investors on Monday, BayStreet reports. The firm currently has an “outperform” rating on the mining company’s stock. National Bank Financial’s price objective would indicate a potential upside of 23.37% from the company’s current price.

Separately, Jefferies Financial Group upgraded shares of IAMGOLD to a “strong-buy” rating in a research note on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$33.42.

IAMGOLD Stock Down 3.0%

IMG stock traded down C$0.88 during midday trading on Monday, reaching C$28.37. 1,281,096 shares of the company were exchanged, compared to its average volume of 1,954,820. The company has a market cap of C$16.20 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of -0.28 and a beta of 2.33. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.19 and a current ratio of 1.71. IAMGOLD has a 1-year low of C$15.30 and a 1-year high of C$34.09. The stock’s 50-day simple moving average is C$25.00 and its 200 day simple moving average is C$24.78.

IAMGOLD (TSE:IMG) (NYSE:IAG) last posted its earnings results on Thursday, August 6th. The mining company reported C$0.60 EPS for the quarter. IAMGOLD had a net margin of 31.46% and a return on equity of 28.08%. The firm had revenue of C$1.22 billion for the quarter. On average, equities analysts forecast that IAMGOLD will post 1.1121076 earnings per share for the current year.

About IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co Ltd. (‘SMM’). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.